Topic: Passive Income Sources (Read 365 times)

No one has claimed that mate.

And for passive income you're right that salary isn't categorized to it and whoever said that maybe is also the one who got confused.

i also checked the whole thread and i never see even a single post claiming that His salary is a passive income .

maybe He posted in a wrong thread? 

funny just to make a post he did not even check the thread .

Did you know that certain NFTs can also give you passive income! Buying NFTs brings a lot fun and you can make you a lot of  $$$$ but if you buy and stake them you can earn a certain tokens. Search online for platforms where you can stake NFTs, and earn crypto tokens as a reward. 
I just created the first batch of crazy party goers CRYPTO FOMOS today https://opensea.io/collection/crypto-fomos-pack
Definitely, I'm going to stake some NFTS! 

There's still a potential loss with passive income? there might be but it's all about profiting little or big.

As long as you've earned from any other legit source and it comes as a profit with less or no effort at all, that's still a great gain.

Good. If you can save your income and invest in crypto, you might have a passive income, especially if your investment price increases so high. But no matter if you invest in crypto or use it the other way, you should know how to manage your investment. But I think affiliate marketing can be a way to have passive income if you have a popular product that many people needed so they will order from your referral and make money from that.

There are a wide range of passive income sources, some more lucrative than others. What's important to realize is that you need to know what type of return on your investment you will be looking for. In general, the returns you get from a passive income source should be more predictable than other types of investments.

You will be able to work toward generating a high level of passive income over a long period of time and then you can expect a high return on your investment. With that said, it's important to know that you will need to invest the time to identify and achieve a passive income source that will yield returns.

According to Investopedia, there are four passive sources of income that are worth exploring:

1. Real Estate
2. Peer-to-Peer Lending
3. Dividend Stocks
4. Index Funds

The Bottom Line
The benefits of passive income investments can be great, but as with any investment, it's important to weigh potential losses against the expected returns.

Who said that their salary is a passive income? I haven't seen someone said that and that's obviously an active income.

After making that much effort in building that passive source of income then that's what's next, you'll earn from it as if it looks easy.

Its good to have passive income though as that will make you more financially independent.
The sources of income I have that has been helping me are; Taking online surveys, freelances,
affiliate marketing etc. As I mentioned in the poll that its less than 7 though

Passive income source and income source are different, most people here claim that their job is also a passive income source which is actually wrong. Passive income source is something that gives returns every year or short term with no effort from is which are dividends for example.

I just have 1 aside from crypto investment ..

for now I have 3 sources of income...

My main income is from the signature campaign, then passive income from investing in pancakeswap, the last one is selling masks or women's clothes online.

This is really a good passive income if you have built your audience, community, and channel. And you can add to it with blog websites if you like writing.

But with making youtube videos, when you've grown your channel and make your great content then you're now going to being full-time on it.

What do you think about real estate investments?

I found an interesting article on this topic, what is your opinion?

https://groysmanconstruction.com/apparent-benefits-of-home-additions/

I have four passive incomes so far and looking forwards to add more, 2 of them are based on Cryptocurrency, you should not put all your eggs in one basket, you should diversify because there's no guaranty that one passive income will give you the desired income the best way to get rich is to have money for you while you are sleeping.

You group of DIVI shill account , Wondering your passive income is spamming this forum from your Shitcoin owner.

I lost my appetite in this Divi project and will never invest a penny as this is a obvious scam .

I think the answer is simple yet complex in a time-consuming manner. We all know this means we should 1) own stocks 2) rent out 3) author a book 4) make You-Tube videos 5) have a primary source of income like a part-time job 6) market yourself on all forms of social media and 7) invent/innovate/ something. You know what to do you just have to put forth the work and make an answer for yourself. Everyone is probably capable of it but nobody is willing to go through with it and it doesn't necessarily have to be much. Find the niche with that one answer and act on it. If you wait or sleep it off then it will be a wasted opportunity. For example right now, I can tell you electric vehicles are going to be the new fad. This opens up a whole new industry. You can open up a business selling parts for electric vehicles. You can repair electric vehicles. With all of this knowledge you gain from electric vehicles you can turn it into videos, books, journals, social media posts, buy property, land, businesses, become a businessman, a boss, a doer, an executioner. That's what I believe. Just sit in your own peace, when you have been fed and cared for, then act.

i am not a millionaire and i only have 2 passive source of income.

though i don't need to disclose here .


Nice so you have advertise your coin here lol

If the passive income sources can give me monthly money, then I do not think I have one now, but I am still trying to have a passive income source. If you are staking any coin and earn decent money that can cover your cost monthly, then that will be a passive income. If your staking does not earn you decent money, that is not a passive income source, but you are on the right track to having passive income sources.

Bad news:  KYC is mandatory.

Good news:  BAT can now be withdrawn through gemini exchange. Uphold no longer has a monopoly over brave browser BAT withdrawal. A lot of people had problems with uphold wallet not updating their BAT balance for months. Hopefully those issues clear up with the inception of another payment option.

...

The way splinterlands SPS airdrops work, there are 365 days of airdrops scheduled. We're 56 days into the 365 day cycle. Everyday for 1 year people will receive SPS depending on their holdings in game. Those who got in early and amassed large account holdings could earn $30+ a day for 1 year. The main downside is SPS losing value over time (similar to BAT). Most dump their SPS holdings expecting the price to diminish, there's no HODL incentive built into the mechanics of the token.

Some of the collectible card NFTs that are used in game, I bought for less than $5 months ago. Are worth more than $100 now. But to be honest, this is a fun thing for me. I never took it seriously as a money maker. And still don't. I haven't even tried to cashout my SPS or my NFTs to see what the process is like.

Its overflowing with options, in terms of NFT auctions and being able to rent out NFTs to other players. I wish more games would pursue a similar open market format supported by devs. Rather than being paranoid over in game market abuse and offering as few options as possible.




Exactly.

Back when mixed martial arts was a more one dimensional sport. It was possible to earn consistently good compounding interest betting on fights. These days things are different though. With the unreliable judging and shenanigans its a lot harder now.

Currently I have a source of passive income, I am staking with Divi

House rental.

Car rental.

Staking you mean? it also depends on the crypto you're going stake.

I'm away from my desk for a few hours, but a quick check if those UID's shows at least a couple were created in the same date.  A sure marker of alts shilling.

Case in point, the brand new user who posted directly above me for their first post.  Archive [1a] [1b]

People do not fully understand passive income as well, that creates the biggest problem. For example let's assume that you have a blog website, it is simply a website that shows how you can do stuff in crypto, like how to buy something on binance, or how to use ledger nano s, how to connect your ledger to metamask etc etc basically information that rarely ever changes and not opinion pieces.

You may write 1000 of these posts, which helps people, and then you can stop. Writing 1000 posts that help people will be very hard work, you will be tired beyond your logic, it is incredibly hard to write even one of them, and we are talking about 1000 of them. However after you are done, it is passive income, you did it and from that point forward you rarely ever work, maybe some small stuff but usually that's passive income afterwards. People only think of staking or something when they think of passive income and that makes the biggest difference.

The demands of life are constantly increasing; if we rely too heavily on active income, such as working or trading, we will be unable to earn money when we are sick. This forces me to invest in a variety of places, including stocks and cryptocurrencies. I am hoping that the performance of about 50+ coins that I own will skyrocket, allowing it to become passive income.

Of course not, this is just a simple question as preamble of the real purpose, shillings about "divi".
Some of them:

DIVI, from Diviproject is a crypto that offers me passive income through its #masternode or #staking that is set up with one click with your wallet, and I get 23% returns on average. As well as the benefit of their weekly lotteries and rewards. And of the multiple use cases it offers

You should ask the millionaires before asking minions about their source of income  . I was a involved in some of the projects as advisor in the past but not anymore as i am not happy with the development and now i am only involved in signature campaign as a passive income and it is for fun to gamble and nothing else. We cannot call it even a passive income but for fun to gamble whenever i watch sports.

I know that a lot of people like the possibility of earning money without doing anything, but there is a reason millionaires have so many forms of that passive income, and that is because they have a lot of money, for the ones that are not as rich even if they can get a form of passive income it is never going to produce enough money for them to survive, so your only real option is to create something that gives you that, like music, books or an invention, otherwise it is better that you keep working for your pay as everyone else.

Can you even withdraw BAT that you earn from your Brave browser without having to go through KYC?  Anyway, I'm not sure getting daily airdrops is a good way to get passive income--it certainly is passive, but what you get is of questionable value at best.  At least with PoS coins you're getting paid in kind and can sell the coin as long as there's some liquidity and an exchange that has it listed.  With tokens and airdrops you really have to receive enough to be able to sell at whatever the minimum amount is on an exchange--and that's assuming there's an exchange that lists the token.  NFTs are a whole different story.

DRIPs are great, and those stocks I own that pay dividends are in DRIPs, not held in a brokerage.  But yeah, you have to have enough money to invest in them in the first place if you plan on retiring early.  But the power of compound interest is quite amazing.

The needs of life are always increasing, if we rely too much on active income such as working or trading then when we are sick we don't get income, this makes me have to invest in several places such as stocks and cryptocurrencies, I hope the performance of about 20 coins that I own can skyrocket so that it becomes passive income.

Only 1 passive income from opening daily needs shop. I think maybe opening more of it when i'm old. For now i still working in a company and doing signature campaign and trading as side job. Well, maybe still long time for me to be millionaire but i am really grateful with what i do know because both of my job can be done and not interrupt each other.

These days, it ain't easy to find one. All have high risks than just medium risks before.
Staking will be the one that will pop out of your mind when we talk about passive income. But damn, you already risk your buying the crypto asset and then you extend the risk by staking it or giving out your hard-earned tokens.
Index funds, stocks ain't that profitable anymore and I think that's why we are here in this forum to browse new options.

I guess all you could do now is pile up as much as top crypto in your wallet and just harvest it long term.

I think passive income is an over-hyped thing, people think that passive income is generated just by laying on the couch and watching Netflix but this is not the case. You have to work hard to even generate a passive income source, the way it works is that you first have to learn a skill, even if it's stock fundamental analysis or some real estate, then you invest your money and time into that for a few months or years and after sometime it becomes  a passive income source because you don't have to look upto it everyday, but still you will have to tweak a lot of things here and there in passive income sources also. While this generation is taught that passive income is just that you throw your money somewhere and it generates income while you watch your favorite web series.

But those attention that you need to put through isn't as intense as an actively managed income stream, just check it from time to time and you're good to go. You're not going everyday to the tenant to ask for rent right? The fact that you're stressing in passive means you're greedy because you want things to speed up and you're also doting.

Splinterlands collectible NFT card game is now offering passive income with daily SPS air drops. Unfortunately it suffers from the same problem brave browser has with BAT. People dump tokens ASAP and the long term value of the token depreciates over time with no HODL. Its still a good deal for accounts with larger holdings as some are earning $30+ per day in passive income.

There are still platforms like celsius around paying out good passive interest rates. If celsius seems like too good a deal to be true. I've recently heard that some of the deposited crypto on their platform is used by short sellers and similar demographics. I guess that's what the "catch" is.

For passive investments, I've always like DRIP (dividend reinvestment plans). They are cases of people retiring early and having success with it. There are plenty of stories of people making money here or there. But people making enough to retire seems like a next level thing.

That's nitpicking, IMO.  If you compare earning money by working as a plumber to earning it through dividends, "passive" is a matter of degree, and I'd say giving something your attention sporadically doesn't even qualify as effort--and it truly is passive.  And what about owning a coin like NEO?  You just leave it in a wallet and earn GAS, and you don't even have to have the wallet open.  That's about as passive as income gets.

OP, do you really expect people to disclose their various streams of passive income (assuming they have any) on this forum?  Not likely that's going to happen.  But I'll bite.  I have some stocks that pay dividends, but that's it, and those dividends don't amount to much.  Certainly not enough to live on, or even to pay my utilities for a year.  I used to have a lot more, but it's a long story. 

It occurred to me that I am making anywhere upwards of twenty to thirty posts each and every week which together with the fact I have been a legendary member of this Forum for a number of years already meant that I could earn some "passive income" from simply contributing to the Forum in much the same way as I have already been doing (now I get to talk about Rugby League//wagering which I never did, but that helps me reach my minimum five post per week in the relevant gambling sections).

No editorial control.

I agree.

But if you need to live your life only with your investments, such as an early retirement, you can just sell a small stash of your portfolio every month.

You need to have stocks that gives you high dividend yield. You can have an accumulator ETF (which reinvests the dividends automatically), bitcoin, gold, etc and sell about 4% of your overall portfolio every year.

There is something called Safe withdrawal Rate (SWR), which is the amount of money you can safely withdrawal from your portfolio.

You don't need 7 sources, if one works well for you. I have been doing freelancing since 2004. I have tried more than a dozen methods - blog advertising, forum posting, YouTube video creation, affiliate marketing.etc. But since 2013, my only source of passive income has been signature campaigns in this forum. The payout is not very high, but I have a full-time job and therefore can't work additionally for more than 1-2 hours a day. So I am happy with whatever I am getting from this method.

Passive income is never really passive. Real states, stocks, bonds, other properties,... everything requires you attention at the end of the day. The most interesting fact is how the different economic classes have a very different distribution of assets. Middle class tend to have their living place as main asset, while wealthy people tend to have stocks and "other", such as art.

Does rental count? Idk if it can even be considered rental tbh, there's something called "scholarship" in the nft scene, most abundant in the Axie infinity community where you basically let others play for you, and the profit is split depending on how much you want it to be. There's close to no way it could get stolen since the account is bound to your wallet, so without your permission, the account cant necessarily be touched. Other than that, I've also tried selling templates and guides online, letting people who want to watch pay for it.

Here's a good one although you're going to need a lot of money to make some decent passive cashflow, what I'm talking about is Index funds, they're like stocks that you don't have to manage yourself but performs much better than an actively managed funds. It's not crypto but it's a pretty good one if you want to increase your passive income stream.

Passive income is all well and good, but sometimes it is worth thinking about capital appreciation, if it is going to be higher than passive income.

On passive income we can distinguish two types: the assets you create and the assets you buy.

If you write books, you have to work to create them, but once they are written they give you passive income in the form of royalties. The same could apply to youtube videos, for example.

The assets you buy could be dividend paying stocks, or rental houses, for example. But here it is worth thinking that if you expect a stock like JNJ to give you an average of 10% per year of your investment between capital appreciation and dividends (passive income) and that the Bitcoin will easily give you 50%, surely you will be better off buying Bitcoin.

The point is that you will do better financially in life if you create or acquire assets than if you spend it all. It doesn't necessarily have to be passive income.

On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.